This Stone Mountain rental is ideal for the savvy investor. With furnished rooms and 4.5 bathrooms (2 en-suites) this home produces robust rental income compared to anything available on the market, while providing solid workforce housing. It grosses $4600 per month on average with some months averaging consistently above $6000. 0.3 miles to public transit on a major arterial, Redan Rd. Potential for 13% cap rate and 25%+ Cash-on-Cash ROI. FInancials and Proforma available upon request. Powered by PadSplit, this occupied rental is a workforce housing solution that not only helps members save money and live closer to work but provides a great investment for its owner. All members are professionally screened by PadSplit, required to pass a criminal background check and undergo income verification. PadSplit handles inbound requests from members and enforces house rules. One rent payment is direct-deposited into the owner's bank account based on the home's previous month's performance. Contact us today for preferred lenders if you need financing. If PadSplit is new to you, please Google 'PadSplit' to learn more about this game-changing affordable housing solution before calling. NOTE: SqFt of home is larger than the tax records state. Financing must be cash, hard money or one of our preferred lenders with PadSplit experience.
Closed
$280,000
4578 Sherrington Ct, Stone Mountain, GA 30083
5beds
1,750sqft
Single Family Residence, Residential
Built in 1970
0.6 Acres Lot
$300,700 Zestimate®
$160/sqft
$2,291 Estimated rent
Home value
$300,700
$274,000 - $328,000
$2,291/mo
Zestimate® history
Owner options
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$2,291/mo
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$2,291/mo
Rent Zestimate®
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$1,761/mo
Est. payment
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$1,761/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Josh Stanton,
Keller Williams Realty Metro Atlanta 404-564-5560
Bought with:
Joshua Bowser, 432113
Cornerstone Real Estate Partners, LLC
Source: FMLS GA,MLS#: 7451858
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
- Main level bathrooms: 4
- Main level bedrooms: 5
Rooms
- Room types: Other
Primary bedroom
- Features: Other
- Level: Other
Bedroom
- Features: Other
Primary bathroom
- Features: Other
Dining room
- Features: None
Kitchen
- Features: Cabinets Stain
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Electric Cooktop, Electric Oven, Range Hood, Refrigerator
- Laundry: Common Area
Features
- Other
- Flooring: Hardwood, Laminate
- Windows: None
- Basement: None
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,750
- Total interior livable area: 1,750 sqft
- Finished area above ground: 1,750
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Front Porch
- Exterior features: Rain Gutters, No Dock
- Pool features: None
- Spa features: None
- Fencing: None
- Has view: Yes
- View description: Neighborhood
- Waterfront features: None
- Body of water: None
Lot
- Size: 0.6 Acres
- Dimensions: 26x26x179x85x140x78x102
- Features: Front Yard
Details
- Additional structures: None
- Parcel number: 15 224 06 089
- Other equipment: None
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence, Residential
Materials
- Brick
- Foundation: Brick/Mortar
- Roof: Shingle
Condition
- Resale
- New construction: No
- Year built: 1970
Utilities & green energy
- Electric: 110 Volts
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Water Available
Green energy
- Energy efficient items: None
- Energy generation: None
Community & HOA
Community
- Features: None
- Security: None
- Subdivision: Sherrington
HOA
- Has HOA: No
Location
- Region: Stone Mountain
Financial & listing details
- Price per square foot: $160/sqft
- Tax assessed value: $269,100
- Annual tax amount: $5,043
- Date on market: 9/6/2024
- Cumulative days on market: 8 days
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Electric utility on property: Yes
- Road surface type: Asphalt
- Body type: Other
Price history
| Date | Event | Price |
|---|---|---|
| 10/31/2024 | Sold | $280,000+2.2%$160/sqft |
Source:  FMLS GA #7451858 Report a problem | ||
| 9/16/2024 | Pending sale | $274,000$157/sqft |
Source: FMLS GA #7451858 Report a problem | ||
| 9/6/2024 | Listed for sale | $274,000+33.7%$157/sqft |
Source: FMLS GA #7451858 Report a problem | ||
| 7/30/2021 | Sold | $205,000+5.1%$117/sqft |
Source: Public Record Report a problem | ||
| 6/1/2021 | Pending sale | $195,000$111/sqft |
Source: FMLS GA #6890658 Report a problem | ||
| 5/27/2021 | Listed for sale | $195,000+98%$111/sqft |
Source: FMLS GA #6890658 Report a problem | ||
| 6/3/1994 | Sold | $98,500$56/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,173 -3.7% | $107,640 -4.1% |
| 2024 | $5,373 +6.5% | $112,240 +6% |
| 2023 | $5,043 +27.5% | $105,880 +29.2% |
| 2022 | $3,956 +354.3% | $81,960 +24.5% |
| 2021 | $871 +5.4% | $65,840 +19.4% |
| 2020 | $826 +8.9% | $55,160 +8.9% |
| 2019 | $759 +10% | $50,640 +12.9% |
| 2018 | $690 -0.2% | $44,840 +8.5% |
| 2017 | $691 +13.9% | $41,320 +13.9% |
| 2016 | $606 | $36,280 +65.8% |
| 2014 | $606 | $21,880 |
| 2013 | -- | $21,880 -9.3% |
| 2012 | -- | $24,120 -15% |
| 2011 | -- | $28,368 -37.4% |
| 2010 | $622 -2.3% | $45,320 |
| 2009 | $637 -3.6% | $45,320 -23.3% |
| 2008 | $660 -3.2% | $59,120 |
| 2007 | $682 | $59,120 |
| 2006 | $682 +19.4% | $59,120 +5.2% |
| 2005 | $572 +15.2% | $56,200 +15% |
| 2004 | $496 +12.6% | $48,880 |
| 2003 | $440 +29.1% | $48,880 |
| 2002 | $341 +479.8% | $48,880 +20.2% |
| 2001 | $59 | $40,680 |
Find assessor info on the county website
Neighborhood: 30083
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Nearby schools
GreatSchools rating
- 6/10Allgood Elementary SchoolGrades: PK-5Distance: 1.4 mi
- 5/10Freedom Middle SchoolGrades: 6-8Distance: 1.5 mi
- 2/10Clarkston High SchoolGrades: 9-12Distance: 3.1 mi
Schools provided by the listing agent
- Elementary: Allgood - Dekalb
- Middle: Freedom - Dekalb
- High: Clarkston
Source: FMLS GA. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$300,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$300,700
- Georgia
- Dekalb County
- Stone Mountain
- 30083
- 4578 Sherrington Ct
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